Housing costs in Milwaukee?
A typical home costs
$401,800, which is 18.8% more expensive than the national average of
$338,100 and 64.6% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Milwaukee costs
$1,600 per month, which is 55.3% more than the national average of
$1,030 and 31.9% more than the state average of
$1,090.
Can I afford Milwaukee?
To live comfortably in Milwaukee (zip 53203), Wisconsin, a minimum annual income of
$77,040 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Milwaukee?
The cost of living in Milwaukee, WI 53203 is slightly above the national average. According to BestPlaces, groceries are about 8.2% higher, while housing costs about 10.9% more than the national average. Utilities and transportation costs also tend to be slightly higher. Despite this, Milwaukee still offers a relatively affordable living compared to other cities in the United States. The median home price in the area is approximately $163,400, and rent averages around $1,100 per month for a two-bedroom apartment or house. Overall, Milwaukee provides an option of affordable living for those seeking an urban lifestyle in a major city.